Bitcoin regained some of the area it lost and managed to climb above $30,000 at the time of this writing.
With many altcoins showing signs of life, Bitcoin's recovery has boosted the crypto market's confidence. According to Santiment, a cryptocurrency analysis company, some of the bullish and bullish altcoins are Solana (SOL), TON (TON), and Hedera (HBAR).
Santiment said in its statement:
“Many altcoins are showing signs of life, with bitcoin hitting over $30,000 instilling confidence in the crypto markets. Among the rising assets, SOL, TON and HBAR are sending messages in favor of bullish, while watch out for FOMO levels if prices continue to move forward throughout the day.”
Santiment also shared a chart of the altcoins that gained the most value during the day. SOL, TON and HBAR tokens appear to stand out significantly among other tokens.
The analysis company also warned about the rise in Bitcoin:
“Watch out for the high take profit event, which is currently at the highest level in more than 3 weeks. BTC addresses have averaged over +20% profit over the past year.”
*Not investment advice.